Note 10. Subsequent Events

Management has evaluated subsequent events through the date of issuance of these consolidated financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the consolidated financial statements other than those disclosed below.

2032 Notes

On May 5, 2026, the Company priced an offering of an additional $300 million in aggregate principal amount of its 6.550% notes due 2032 (the "New 2032 Notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to certain non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The New Notes will mature on March 15, 2032, and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the January 2025 Indenture. The offering closed on May 7, 2026.

The New 2032 Notes will constitute "Additional Notes" under the Third Supplemental Indenture governing the previously issued $500 million in aggregate principal amount of the Company’s 2032 Notes. The Company expects to use the net proceeds of the offering for general corporate purposes of the Company and the Company’s subsidiaries and/or to repay indebtedness, including under the Company’s Senior Secured Facility.